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Bill > S06925


NY S06925

NY S06925
Requires insurance companies, medical expense indemnity corporations, hospital service corporations, health service corporations and medical assistance programs to provide coverage for prescribed antiviral therapeutics approved by the food and drug administration for the treatment of COVID-19 at no cost to the patient.


summary

Introduced
03/27/2025
In Committee
03/27/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the insurance law and the social services law, in relation to capping cost sharing for antiviral COVID-19 therapeutics

AI Summary

This bill requires insurance companies, medical expense indemnity corporations, hospital service corporations, health service corporations, and medical assistance programs in New York to provide coverage for FDA-approved or emergency use authorized antiviral COVID-19 therapeutics without annual deductibles or coinsurance. The bill applies to prescription drug coverage and mandates that these medications be covered when prescribed by a licensed healthcare provider authorized to prescribe under New York's education law. Patients will receive the medication at no cost, though they may first be required to use any available manufacturer or government programs that provide the therapeutics at no or reduced cost. The legislation will take effect on the first day of January following its enactment and will apply to all insurance policies and contracts issued, renewed, modified, altered, or amended on or after that date. This bill aims to ensure accessible and affordable COVID-19 treatment for New York residents by eliminating financial barriers to obtaining antiviral therapeutics.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

REFERRED TO INSURANCE (on 03/27/2025)

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